Milestones of Balmer Lawrie

Corporate Journey – Early Years

1867 Partnership firm established on 1st. Feb.1867 Agent for Tea trading, shipping & forwarding S.G.Balmer passes away India Tea Co. set up to blend & export tea
1872 Banking operations started Appointed managing agents for Jokai Tea
1873 Anglo Indian Carrying Co. set up for shipping & forwarding Insurance Agency started
1882 Appointed managing agents for Crystal Ice Supply, Kolkata
1888 Commences food exports to West Indies
1889 Annual Bonus paid to employees
1890 Appointed managing agents for Bengal Paper Mills First use of typewriters
1891 Appointed managing agents for New Beerbhoom Coal
1894 Electric power in Office at 103 Clive Street

Corporate Journey – Maturing Years

1908 Alex Lawrie passes away Bombay branch opened
1909 New 4 storied Office constructed ( Present HO)
1917 First motor car acquired
1919 Appointed managing agents for Aurther Butler & Co. First audit of accounts by Price Waterhouse
1920 Biecco and Bridge & Roof promoted Appointed managing agents for Indian Galvanising Co.
1924 Became a Pvt. Ltd. Co. on 1st. January, share capital of 40 L
1932 Delhi branch opened
1936 Became a Public Ltd. Co. on 6th. January

Corporate Journey – Growth Years

1937 Grease production commences in Pilkhana, Howrah
1944 Grease production commences in Sewree, Bombay Barrel production commences at Indian Galvanizing Provident Fund introduced for staff
1946 Employee Trade Union formed
1947 Branch Offices opened in Karachi & Chittagong
1949 Balmer Lawrie & Co (Pakistan) Ltd. Formed
1951 Tribeni Tissue commissioned with BL as managing agent
1952 Branch Office started at Madras, later discontinued
1956 25% of BL divested by Alex Lawrie & Co. in favor of Indo-Burma Petroleum
1958 Insurance agency (Sun Insurance) terminated
1963 Banking operations discontinued
1968 Duncan Brothers take over management control
1969 Managing Agency system abolished, BL looses managing rights in respect of more than 40 tea gardens

Corporate Journey – Uncertain Years

1972 Indo Burma Petroleum Co. acquires control by taking over all shares from Alex Lawrie & Duncan Brothers. BL becomes a subsidiary of Indo Burma Petroleum

Corporate Journey – Public Sector Era

1987 Schedule B PSE
2001 IBP Co. Limited, transferred their holding of 61.8% in Balmer Lawrie & Co. Ltd. To Balmer Lawrie Investments Limited. The equity shares of Balmer Lawrie are listed with Mumbai and National Stock Exchanges.
2003 Mini Ratna II PSE
2006 Mini Ratna I PSE
Last updated on : 07/11/2017
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